other material
confidence high
sentiment neutral
materiality 0.75
TKO and Endeavor to buy 3.5M shares from Vince McMahon for $311M
TKO Group Holdings, Inc.
- Endeavor to buy 1,642,970 shares from McMahon at $89.01/share ($146.2M); close ~Apr 9.
- TKO to buy 1,853,724 shares from McMahon at $89.01/share ($165M); close ~Apr 10; shares retired.
- TKO to fund $165M purchase with $150M revolver borrowings plus cash on hand.
- TKO intends to retire all repurchased shares following closing.